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News Corp. Sells MySpace For Just $35 Million

By Anthony Silva, WBZ News Radio 1030
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(Photo credit: NICHOLAS KAMM/AFP/Getty Images)

(Photo credit: NICHOLAS KAMM/AFP/Getty Images)

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Anthony Silva is co-host of the WBZ Afternoon News heard each wee...
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BOSTON (CBS) – Social networking is one of the fastest growing segments on the internet, but an early-entry company in that space has officially been labeled a loser.

News Corp. has agreed to sell MySpace.com to Specific Media for just $35 million, a fraction of the $580 million the company paid for it just half a dozen years ago.

WBZ NewsRadio 1030′s Anthony Silva reports.


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